Bitcoin Hash Rate Nears All-Time High to Drive Price Higher

Bitcoin price drew closer to $9000 May 30 as fundamentals data revealed the network was nearing new records for hash rate, daily transactions, and block size. Fundamentals Drive BTC Price Higher According to monitoring resource Blockchain.com, as of press time, Bitcoin’s hash rate had beaten off its bear market slump from 2018 to approach a […]

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Bitcoin Economic Activity Now 30% Higher Than At $20K Price

While Bitcoin transactions per day have hit a fresh 2019 high, a “better indicator” measuring transaction outputs reveals that economic activity on the BTC blockchain is currently at a record high. Another New Bitcoin Daily Transaction High for 2019 It took less tha a month for the Bitcoin blockchain to set another new high for […]

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Bitcoin Lightning Network Hits 6,000 Nodes After Week Of Twitter Spotlight

Bitcoin’s mainnet Lightning Network implementation has hit new records across the board as its rapid growth continues in 2019. 6,000 Nodes, $2.4 Million Capacity Data from monitoring resource 1ML.com confirms that the number of active nodes, channels and overall transaction capacity of Lightning are all now higher than ever in its thirteen-month history. The increase […]

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Daily On-Chain Bitcoin Transactions Hit Yearly High

Despite the prolonged bear market of 2018, the year has seen a steady increase in the number of confirmed Bitcoin transactions. They are currently at their highest point since mid-January 2018.  Real Adoption Regardless of the sharp decline in Bitcoin price in 2018, the cryptocurrency has seen a steady increase in the number of transactions […]

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